A Release of All Claims is a crucial legal instrument used in Hong Kong for finalizing settlements and resolving disputes between parties. This document is commonly employed following negotiations, mediations, or as part of broader settlement agreements to provide a clean break between parties by releasing all existing and potential future claims. The release typically covers known and unknown claims, specifies the consideration being provided, and includes various legal protections such as warranties and representations. Under Hong Kong law, particular attention must be paid to the scope of the release, the capacity of the parties, and the adequacy of consideration to ensure enforceability. This document is especially important in commercial disputes, employment terminations, insurance settlements, and corporate transactions where parties seek to achieve finality and prevent future litigation.

1. Parties: Identifies and defines all parties to the release agreement, including the releasing party and the released party

2. Background: Provides context for the release, including relevant history of the relationship between the parties and any disputes or claims that led to this release

3. Definitions: Defines key terms used throughout the document, including 'Claims', 'Released Matters', and other relevant terms

4. Consideration: States the consideration being provided in exchange for the release

5. Release: Contains the core release language, specifically describing what claims are being released and the scope of the release

6. Representations and Warranties: Contains statements by the releasing party about their authority to give the release and understanding of its implications

7. Non-Admission of Liability: States that the release does not constitute an admission of liability by any party

8. Governing Law and Jurisdiction: Specifies Hong Kong law as governing law and Hong Kong courts' jurisdiction

9. Entire Agreement: Confirms that the release agreement contains the entire understanding between the parties regarding the released matters

10. Execution: Signature blocks and execution formalities